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Coldcard-linked thefts climb to $88.6M, impacting 4,585 addresses

AI Market Summary
Galaxy Research flagged a third suspected wave of attacks tied to Coldcard-generated addresses, with 207.7294 BTC moved and cumulative estimated losses rising to 1,367.05 BTC (~$88.6M) across 4,585 addresses. The report elevates operational and custody-risk concerns around self-custody workflows and hardware wallet security, potentially weighing on near-term risk appetite and increasing scrutiny of on-chain fund movements.
Impact level
● Medium
Affected assets
BTC/USDT+0.81%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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According to Huo Xing Cai Jing, Galaxy Research said in a statement on Aug. 2 that it has identified a third wave of suspected attacks involving addresses generated by Coldcard devices. During the latest activity, 207.7294 BTC was moved. Cumulative losses tied to Coldcard devices are now estimated at 1,367.05 BTC, worth about $88.6 million, affecting 4,585 addresses.
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